| Hazardous | Deferred Outflows of Resources | Deferred Inflows of Resources |
|---|---|---|
| Difference between expected and actual experience | $- | $34,419 |
| Change of assumptions | 52,700 | 286 |
| Changes in proportion and differences between employer contributions and proportionate share of plan contributions | 37,917 | 46,395 |
| Differences between expected and actual investment earning on plan investments | 2,097 | 13,266 |
| Contributions subsequent to the measurement date | 7,599 | - |
| Total | $100,313 | $94,366 |
Deferred outflows of resources resulting from employer contributions subsequent to the measurement date of $7,599, which include the implicit subsidy reported of $956, will be recognized as a reduction of net OPEB liability in the year ending June 30, 2020. The remainder of the deferred outflows and deferred inflows of resources are amortized over three to five years with remaining amortization as follows:
Year ending June 30:
2021 $ (2,136)
2022 (2,136)
2023 1,741
2024 (3,526)
2025 2,440
Thereafter 1,965
$ (1,652)
OPEB Plan Fiduciary Net Position: Detailed information about the KERS OPEB plans' fiduciary net position is available in the separately issued OPEB plan financial reports.
Plan Description - In addition to the pension benefits previously described, Kentucky Revised Statute 161.675 requires KTRS to provide post-employment healthcare benefits to eligible members and dependents. The KTRS Medical Insurance benefit is a cost-sharing multiple employer defined benefit plan. Changes made to the medical plan may be made by the KTRS Board of Trustees, the Kentucky Department of Employee Insurance and the General Assembly.
49.